Reported 6 months ago
As retailers warn of weak consumer spending and high inflation, Yahoo Finance discusses consumer health with insight from Josh Schafer. Despite declining sales at retailers like Five Below, McDonald's, and Starbucks, Schafer points out that excess savings remain high. Consumers are more cautious due to rising prices but are still likely to continue spending, as indicated by the estimated $850 billion in excess savings. While some companies are struggling, others are adapting to offer more value options to meet consumer needs.
Source: YAHOO